Celestia (TIA) is 34.8× the size of SEDA (SEDA) by market capitalisation. Over the past 1 year, TIA is ahead by 19.0 percentage points (SEDA -65.4% against TIA -46.4%). Their daily returns move barely together (correlation 0.14 across 373 shared trading days). SEDA has been the more volatile of the two, at 157% annualised against TIA's 112%.
SEDATIA
0.14over 373 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | SEDA | TIA |
|---|---|---|
| Max drawdown (400d) | -93.7% | -81.6% |
| Risk-adjusted return (90d) | -0.47 | 0.23 |
| Best 30 days (past year) | +220.7% | +101.4% |
| Worst 30 days (past year) | -79.4% | -47.6% |
Relative strength over 90 days: TIA outperformed SEDA by 36.6% — measured on the SEDA/TIA ratio, so it holds regardless of market direction.